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Marion Rae

Lynas posts record FY as rare earths surge

Lynas Earth Lynas Rare Earths Amanda Lacaze

Lynas is expanding its Mt Weld mine and building a processing facility in Kalgoorlie. (PR HANDOUT IMAGE PHOTO) (AAP)

Lynas Rare Earths has posted a record full-year result on demand for minerals used in mobile phones, car batteries, industrial equipment and fighter jets.

Shares in the world's largest rare earth processor outside of China rose 16 cents or 1.8 per cent to $9.08 in morning trade on Friday.

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